Estate Living Digital Publication Issue 11 November 2015 | Page 20

ESTATE REVIEW

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Plascon were commissioned to identify the range of colours that take the environment into account.
Inspired by the marine lifestyle and the vegetation, they chose shell pinks and deep water blue.
These colours consistently change in the light and this brings the buildings to life.
connected by bridges, each populated with various
size homes and a mixed-use waterfront development
housing 605 residential units and commercial space.
The design also retained the historically important
buildings that are visible in the infrastructure today
and was approved with construction on the waterways
beginning in 2000 and all major works completing in
2005. Homes on Thesen Islands range from smaller
properties priced at around R 4 million for 300m² to
larger properties at approximately R 10 million for
900m² depending on the location within the estate.
The variety of sizes allows for different architectural

styles within the overall unity of Thesen Islands.
Properties on Thesen Islands are highly sought after,
with a staggering 43% growth in the average selling
price of residential units over the past 3 years. Whereas
in 2013 the average cost for homes was R 4.375 million,
today the average is R 6.465 million. The capital value
growth is compounded by supply and demand, with on
average of 33 units being sold over the past four years.
Homeowners already living on Thesen Islands move
around within it as their needs change, and there is a
growing trend for the families to have primary homes
on Thesen Islands with the breadwinner commuting